Speculation of the title started on February 11, 2010, while its existence was finally confirmed via Xbox Front. This makes I ❤ the 80s the fourth game in the English-language Lips series and overall the sixth Lips soundtrack.

This is also the first main Lips title not to be released in North America, however, some songs have been released as DLC in the United States and Canada.

The achievements listed on early March also gave the community an insight into a few more tracks planned for the game. The final tracklist was finally revealed on March 8, 2010. Click here for a complete list.